Meridian Feature: Loan System
The McCoy Myers Loan System provides online inquiry capabilities. Actual transaction entries are captured through online data entry and through the proofing and item capture process. File maintenance activities are performed in real-time mode.
Loan Types:
- Installment Loans
- Commercial Loans
- Mortgage Loans
- Adjustable and Variable Rate Loans
- Simple Interest Loans
- Add-on Loans
- Overdraft Protection Loans
- Non-Accrual Loans
- Charge-Off Loans
- Participations Purchased and Sold
Features:
- Up to 99 user-defined base rates
- Variable base rate notes
- Backdated rate changes
- Plus or minus points per note
- Floor and ceiling protection per note
- Adjustable base rate notes
- Specified date of rate change
- Maximum increase or decrease per adjustments
- Specified per. between adjustments
- Simple interest loans (single or multiple payment schedules)
- Automatic payoff calculations
- Life-to-date history on screen
- Credit life and A&H rebate calculations
- CRA tracking (Community Reinvestment Act and Income Level)
- Loan calculators
- Add-on interest loans (daily rebate or sum of the periodic balances)
- Mortgage loans
- Escrow accounting
- FNMA reporting
- FHLMC reporting
- Participations purchased and sold
- Charge off notes
- Non-accrual notes
- Service account notes
- Advancing or re-advancing notes
- Letters of Credit
- Detailed general ledger classifications
- After Maturity calculations
- Loan input at teller level (new loans and payments)
- Paid-off loan history maintained
- Past due history maintained
- Collateral descriptions for each note on inquiry
- Displays total customer liability
Reports:
- Terminal balance totals
- Loan update totals
- Daily list of advances
- Paid loans fields > zero
- Loan interest adjustment report
- Loan trial balance
- Charged-off loans
- Past due list all officers
- New loan review
- Loan line report
- Past due charge-off list
- Large loan payment report
- FNMA summary
- Paid-off loan journal
- Activity on charge-offs
- Serviced loans
- Officer's past due report
- Past due list by officer
- Loans coming due
- Loan request statement
- Trial-loan number order
- Escrow analysis
- FASB trial
- Outstanding by officer
- Loans priced not made
- New/Renewal loan register
- Loans made not priced
- Activity on past due loans
- Activity--Non-accrual loans
- Loan trial balance
- Participations sold
- Past due aging analysis
- Special 60 day+ list
- Endorser dealer list
- Amortized loan trial
- Accrued YTD by col. code
- Billing authority list
- Outstanding by customer
- Loan transaction journal
Return to the Meridian Features index.